2017. An encompassing analysis of Brazil’s society, economy and politics since the Independence. A national-dependent interpretation. Three historical cycles of the relation state-society: State and Territorial Integration Cycle (1822-1929), Nation and Development Cycle (1930-1977) and Democracy and Social Justice Cycle (1977-2010). Crisis since then. (Book: Lynne Rienner Publishers)

2009. Why some middle income countries catch up while others do not. Behind new developmentalism this book drafts a structuralist development macroeconomics in which the exchange rate plays a strategic role. (Book: Elsevier).

2014. The 2008 global financial crisis took the world by surprise, not least because politicians, businessmen and economists believed that they had learned crucial lessons from the Great Depression of the 1930s. As a direct result of deregulated financial markets, financial crises occurred in both developed and developing economies. However, this volume argues that in the most recent crisis developing countries suffered less, and that financial policy and regulation played a crucial part in this. (Book edited with Jan Kregel and Leonardo Burlamaqui )

2011. The Euro Zone faces a major crisis. It is trated as if it were a fiscal crisis but, actually, is a currency crisis. Meanwhile Brazil faces difficulties, but there is some progress in understanding the role of the exdhange rate. (Conference)

2010. The 2008 financial crisis signaled the end of 30 Neoliberal Years of Capitalism. It was caused by the deregulation promoted by the neoliberal ideology justified "scientifically" by neoclassical economics. Paper (Revue de la Régulation).

2010. Why some middle income countries catch up while others do not. Behind new developmentalism this book drafts a structuralist development macroeconomics in which the exchange rate plays a strategic role. (Book: Siglo XXI).

2010. Why some middle income countries catch up while others do not. Behind new developmentalism this book drafts a structuralist development macroeconomics in which the exchange rate plays a strategic role. (Book: Siglo XXI).

2009. The 2008 financial crisis was caused by the deregulation promoted by neoliberal and financialized capitalism with the support of neoclassical economics. (Paper: Journal of Post Keynesian Economics)

2008. With Lauro Gonzales e Cláudio Lucinda. Differently of what says conventional economic analysis, the cause of the 1990s financial crises in Mexico, Asia, Brazil and Argentina was not primarily fiscal, but the decision of governments to grow with foreign savings, i.e., with current account deficits. (Paper in Nova Economia).

2008. The present global economic crisis happens in a finance based and knowledge capitalism where bright private technobureaucrats formed in the best MBAs enriched. (Estudos Avançados). Spanish version available

2008. The present global economic crisis happens in a finance based and knowledge capitalism where bright private technobureaucrats formed in the best MBAs enriched. (Umbrales de América del Sur). Versão disponível em Português

2008. To avoid new global financial crisis it would be necessary to convene among nations a maximum current account deficit in relation to GDP that would be allowed to countries. (Article just published in this website)

2005. The balance of payment crises in developing countries (originated in the strategy of growth with foreign savings) and the enormous US current account deficit are both the outcome of economic populism. The later problem points out to a hard landing. English version available.(Paper: Estudos Econômicos) .